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Toward Stagflation - The Real End Game For Central Banks

Norway is heading straight into stagflation and at some point Norges Bank will be forced to tighten monetary policy into a weakening economy. The world should take note, because the real end game for central banks will come when they are constrained by rising inflation in a weakening economy. We all know what happened after the 1970s stagflation; and hiking rates to 20 per cent in an overleveraged world is a lot harder than it was back then.

Could Trump Pull Off A Post-Party Coalition?

For the establishment, his billions mean nothing; Trump’s treated like a bum. Underneath all this sound and fury, something else is (quietly) going on. Powerful business interests discreetly supporting Trump – and away from the media circus — are convinced he’s got the road map to victory. The question is whether he may be able to tame his erratic behavior to seal the deal.

On The Impossibility Of Helicopter Money And Why The Casino Will Crash

Will the boys and girls still in the casino after the current election gong show is over patiently wait for their next fix from a beltway governance process that is in sheer pandemonium and stalemate? We think the odds are between slim and none. As we indicated previously, if Trump is elected the fiscal process will lapse into confrontation and paralysis for an indefinite spell. And if Hillary is elected, the Republican House will become a killing field for almost anything she proposes, and most especially the rank Keynesian apostasy of outright and massive debt monetization...

Following "Deadliest Month" In A Year, Ukraine President Warns Of "Full-Scale Russian Invasion"

The last month has seen Russia pull out of peace talks (citing attacks in Crimea and detention of key individuals) and an increasing mobilization of Ukraine troops near the Russian border, and now, after the deadliest month since last August, Ukraine president Poroshenko has warned he isn't ruling out a full-scale Russian invasion and may institute a military draft if the situation with its neighbor worsens.

The Right To Dissent

The irony is that these censors and would-be censors, such as the European Commission, the Dutch and Austrian courts, Facebook, Twitter are using their freedom of expression to suggest that someone else be robbed of his freedom of expression.

Gartman Is Shorting Bonds, Would "Err Bearishly Of Oil"

Over the last week, there has been little guidance from one of the market's most steadfast directional beacons, Dennis Gartman. Luckily, he provided some much needed insight into what asset classes may  not  do in the coming days, targeting not one but two key products: oil, where we would "err bearishly" and bonds, which he is now shorting.